Stamp paper for gift upto rs. 5 lacs
Querist : Anonymous
Stamp paper of what amount should be used for preparing gift deed upto Rs. 5 lacs.
Querist : Anonymous
So, if it is for internal purpose and there will not be any dispute arising out of this then you may not require to pay stamp duty..
Make it as Gift confirmation
Querist : Anonymous
Same duty as on a conveyance. In case of a gift to spouse, brother, sister, lineal ascendants or descendants @ Rs. 10 for every Rs. 500 or part thereof (approx. 2%) of market value
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